Truist Financial Corp Sells 539 Shares of EMCOR Group, Inc. $EME

Key Points

• Truist Financial Corp decreased its stake in EMCOR Group by 5.0%, now owning 10,269 shares valued at approximately $5.49 million after selling 539 shares in the second quarter.
• EMCOR Group reported earnings of $6.72 EPS, surpassing analyst expectations of $5.68 EPS, with a revenue increase of 17.4% year-over-year.
• The company's quarterly dividend of $0.25 will be paid on October 30th, with an annualized dividend yield of 0.1%.

Truist Financial Corp reduced its position in shares of EMCOR Group, Inc. (NYSE:EME - Free Report) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,269 shares of the construction company's stock after selling 539 shares during the quarter. Truist Financial Corp's holdings in EMCOR Group were worth $5,493,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in EME. Park Place Capital Corp increased its stake in shares of EMCOR Group by 6.9% during the second quarter. Park Place Capital Corp now owns 308 shares of the construction company's stock valued at $164,000 after buying an additional 20 shares during the period. XML Financial LLC increased its position in EMCOR Group by 16.4% during the 2nd quarter. XML Financial LLC now owns 710 shares of the construction company's stock valued at $380,000 after purchasing an additional 100 shares during the period. Poinciana Advisors Group LLC bought a new stake in shares of EMCOR Group in the 2nd quarter valued at about $278,000. Raleigh Capital Management Inc. lifted its position in shares of EMCOR Group by 14.7% in the 2nd quarter. Raleigh Capital Management Inc. now owns 571 shares of the construction company's stock worth $306,000 after purchasing an additional 73 shares during the period. Finally, Moss Adams Wealth Advisors LLC purchased a new stake in shares of EMCOR Group in the 2nd quarter worth approximately $273,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

EMCOR Group Stock Up 2.4%

Shares of EME stock opened at $670.02 on Tuesday. EMCOR Group, Inc. has a fifty-two week low of $320.89 and a fifty-two week high of $679.02. The firm has a market capitalization of $29.99 billion, a PE ratio of 27.80 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.15 and a current ratio of 1.18. The stock's 50-day simple moving average is $628.07 and its 200-day simple moving average is $520.38.

EMCOR Group (NYSE:EME - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $6.72 EPS for the quarter, topping analysts' consensus estimates of $5.68 by $1.04. EMCOR Group had a return on equity of 38.01% and a net margin of 7.07%.The firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company posted $5.25 earnings per share. The company's revenue was up 17.4% compared to the same quarter last year. EMCOR Group has set its FY 2025 guidance at 24.500-25.750 EPS. Equities analysts expect that EMCOR Group, Inc. will post 20.74 earnings per share for the current year.

EMCOR Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 30th. Stockholders of record on Wednesday, October 15th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.1%. EMCOR Group's dividend payout ratio is presently 4.15%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EME shares. The Goldman Sachs Group boosted their price objective on shares of EMCOR Group from $384.00 to $435.00 and gave the stock a "sell" rating in a research note on Tuesday, July 8th. Hovde Group raised EMCOR Group to a "hold" rating in a research report on Friday, June 27th. Zacks Research raised EMCOR Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. William Blair began coverage on EMCOR Group in a research note on Thursday, September 11th. They issued an "outperform" rating on the stock. Finally, Jefferies Financial Group began coverage on shares of EMCOR Group in a report on Friday, June 27th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $594.50.

EMCOR Group Profile

EMCOR Group, Inc provides construction and facilities, building, and industrial services in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation; low-voltage systems; voice and data communications systems; roadway and transit lighting, signaling, and fiber optic lines; computerized traffic control systems, and signal and communication equipment; heating, ventilation, air conditioning, refrigeration, and geothermal solutions; clean-room process ventilation systems; fire protection and suppression systems; plumbing, process, and high-purity piping systems; controls and filtration systems; water and wastewater treatment systems; central plant heating and cooling systems; crane and rigging services; millwright services; and steel fabrication, erection, and welding services.

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